Answer to Question #339138 in Statistics and Probability for Curls

Question

As the regional manager of a pizza franchise business, you are interested in understanding how income in a region affects pizza sales. Below is a regression output for pizza sales (in thousands of dollars) regressed on the average household income of an area (also in thousands of dollars). What is the regression equation?

Model Summary

Model

R

R Square

Adjusted R Square

Std. Error of the Estimate

1

.884(a)

.781

.592

57.970

a Predictors: (Constant), INCOME

Unstandardized Coefficients

Standardized Coefficients

t

Sig.

Model

B

Std. Error

Beta

1

(Constant)

4.027

1.453

6.05

.001

Income

-2.611

0.428

.884

13.54

.000

a Dependent Variable: PIZZASALES

Answer 1

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